The state-owned utility needs to replace the generation capacity it will lose by closing down all its coal-fired power stations over the next four years.
On July 18 Chevron will be millions of tonnes short of required CO2 injection at Gorgon LNG. If the WA Government stands firm the carbon credit bill could approach $100 million.
Woodside's Pluto net-zero 2050 plan is greenwashing, leaving 70% of cuts to the last five years despite investors telling CEO Meg O'Neill they want tangible speedy progress.
BHP's climate target excludes the Bass Strait, North West Shelf and future Scarborough LNG on the incorrect basis that the operator controls the emissions, not the joint owners.
Shell, Exxon and Chevron are big players in Australian oil and gas and being forced to decarbonise sooner will affect their local operations, with a possible king hit to Prelude.
If South32’s low profile coal-burning Worsley Alumina operated like Alcoa’s facilities 1.5 million tonnes of carbon emissions a year would be avoided: the same as Alcoa's Wagerup refinery.
For Woodside, it is Scarborough or bust. Incredibly the LNG specialist has no plan B ready if its last chance to develop an LNG project evaporates. And Scarborough is no sure thing.
The cost of storing CO2 produced when hydrogen is made from coal or gas will likely make blue hydrogen uncompetitive against green hydrogen made with renewable electricity, ANU scientists conclude.
Shell's accountants predict the Dutch giant will never pay Australia for gas consumed at the Gorgon and Prelude LNG projects that it can sell for up to about $4 billion a year.
The next Woodside chief executive will be the first to decide what to do apart from gas. Low-profile BHP Petroleum head Geraldine Slattery is a lead contender to take charge of this pivotal WA company.
